Product Center

Product Detail

Our commitment to transparency goes beyond the initial stages of the mortgage process. We ensure that you have a clear understanding of your mortgage terms, including interest rates, fees, and closing costs. There are no surprises on the closing day. We're dedicated to providing you with straightforward, jargon-free explanations, so you can confidently navigate the financial aspects of your home purchase or refinance. Lowest Mortgage Rate , Mortgage Lender Career , Closing Costs , When it comes to rates, AAA LENDINGS is committed to providing competitive and affordable options. We know that securing a mortgage involves not just finding your dream home but also ensuring that it remains an affordable investment. Our dedication to offering competitive rates means that you can confidently embark on your homeownership journey, knowing that you've secured a mortgage that suits your budget.
– AAA Lendings Portfolio Program – AAA Lendings Detail:

Portfolio Program

Overview

Portfolio Bank Statement
Portfolio DSCR
Portfolio Foreign National DSCR

* Retail Only

Details

1) 5/6 ARM 30 Day Average SOFR (5/1/5);
2) Buydown ratio under par 1:2;
3) Range of Loan Amount $500,000 – $5,000,000.

* Buyup ratio over par unacceptable

What’s this program?

 Portfolio Bank Statement 

1) Lender Fee same as portfolio program;

2) Trust/Entity Review, if applicable $300;

3) TX Doc Review, if applicable $150;

4) Bank Statement Income LTV Max 65%;

5) Bank Statement – Interest Only Max LTV 60%;

6) Minimum Loan Amount $500,000;

7) Foreign National – Not Eligible;

8) 18-Month Pre-Payment Penalty is equal to 6 months interest.

 

 Portfolio DSCR 

1) Lender Fee same as portfolio program;

2) Trust/Entity Review if applicable $300;

3) TX Doc Review if applicable $150;

4) Minimum Loan Amount $500,000;

5) Foreign National – Not Eligible;

6) Minimum DSCR 1.000;

7) Loan Made to Natural Person – No Entity Borrowers;

8) 2-4 Unit Property Eligible and 5% Reduction in Max LTV/CLTVs on Matrix;

9) 18-Month Pre-Payment Penalty is equal to 6 months interest.

 

 Portfolio FN DSCR 

1) Lender Fee same as portfolio program;

2) Trust/Entity Review if applicable $300;

3) TX Doc Review if applicable $150;

4) Foreign National Review $250;

5) Minimum Loan Amount $500,000;

6) Minimum DSCR 1.000;

7) Interest Only – Not Allowed;

8) Power of Attorney – Not Allowed;

9) Pre-Payment Penalty (Investor only) is 18 months and equal to 6 months interest.

How to Calculate Portfolio DSCR?

DSCR shall be calculated as follows: DSCR = *Net Rental Income ÷ Qualifying Monthly Payment (P and I only);

*Net Rental Income = Gross Rents * (1 – Expense Factor);

Expense Factors: Property without HOA = 25%, Property with HOA = 30%;

Rent will be the lesser of: Current lease income or the amount on the 1007 provided by the appraiser showing the estimated market rent schedule.


Product detail pictures:

– AAA Lendings Portfolio Program – AAA Lendings detail pictures


Related Product Guide:

The dream of homeownership isn't limited to traditional homebuyers. At AAA LENDINGS, we have specialized programs to cater to non-traditional borrowers. If you're self-employed, have a fluctuating income, or face unique financial circumstances, our loan options can capture your interest. We embrace diversity in borrowers and actively seek out innovative lending solutions, ensuring that your journey to homeownership remains engaging, regardless of your financial situation. – AAA Lendings Portfolio Program – AAA Lendings , The product will supply to all over the world, such as: Seychelles , Doha , Azerbaijan , Good quality, Good service is always our tenet and credo. We take every effort to control the quality, package, labels etc and our QC will check every detail during producing and before shipment. We are willing to establish long business relationship with those who seek the high quality products and good service. We have set up a wide sales network across European countries, North of America, South of America, Middle East, Africa, East Asia countries.Please contact us now, you will find our professional experience and high quality grades will contribute to your business.
  • It is really lucky to meet such a good supplier, this is our most satisfied cooperation, I think we will work again!
    5 Stars By Kimberley from Bangladesh - 2018.05.15 10:52
    Timely delivery, strict implementation of the contract provisions of the goods, encountered special circumstances, but also actively cooperate, a trustworthy company!
    5 Stars By Helen from Qatar - 2018.06.18 19:26